Do you think that defaulting now is not going to do that? Like that doesn’t make any sense. If you continue to raise the debt ceiling you eventually have a chance to maybe start shrinking it down with a fiscal conservative in power, but if you default that’s it, all your money is literally worthless and you and family will go hungry. You want the elites to solidify their power? Allow influence and large business ownership to be the only currency accepted following a default.
The debt ceiling as it exists is nothing more than a prop in DC political theater. One side increases it, the other side bitches ... neither side has any intention to stop spending. The little skit legitimizes the deficit spending since the same pieces of diseased manure keep getting reelected.
The longer this charade goes on, the more it will hurt. The debt is growing almost exponentially now. A couple more years of this bullshit and the problems will be exponentially worse.
As far as getting a fiscal conservative in power ... You need a House loaded with members that want to cut spending, a Speaker on the same page, at least 50 US Senators that don't want to spend, and a POTUS willing to pass all of the legislature. That's never going to happen short of a miracle ... I mean, it'd be easier for that to happen if these pieces of shit were brought to justice, but that seems to be years away at best.
If you'd pull the plug now, the Rats and Rinos would get most of the blame ... There is NO way they'd survive the midterms even when considering the margin of fraud. The currency wouldn't necessarily become worthless ... The USA is far too wealthy and has far too many resources as well as the most powerful military on the planet.
However, the longer we wait, the harder it is going to be to prevent a complete collapse. Moreover, these corrupt pieces of shit are making sure other countries are getting a piece of the resources in this country ... If we keep increasing the debt ceiling, the longer they have to insure that everyone on the planet except USA citizens own a piece of them.
Their spending is what gives them power ... It has to stop.
You’re looking at this far too simply, it is not the spending that gives them power, they have power whether the debt exists or not, defaulting only solidifies it because WE the middle class and lower class will be the hurt by it. Our 401ks, pensions and savings will be rendered nearly valueless while the elites will continue to keep their power.
Trump also had the majority in the house, senate and obviously he was POTUS and he didn’t default on the debt, if it wasn’t clear before that should tell you that defaulting on our debt is a terrible idea. The US is only wealthy because we have power and influence, but a default would be a massive crack that would make us unable to compete in a global market. I’m also disappointed that you think military strength matters anymore, wars are no longer fought with boots on the ground, the future is cyber, economic, and biochemical warfare. Even if boots on the ground did matter, no one is going to fight in a military that can’t cut them a paycheck big enough to provide them the basics, which will occur if we get into a situation where hyper inflation renders our currency worthless ala Germany 1923 or Venezuela 2016.
Understanding how Fed controls everything, and the Central bank fractional reserve economy is a ponzi scheme is pretty crucial to understand the perspective in this board.
How exactly Fed is going to be destroyed and what would be the new system thats going to replace it? How will the transition occur? These are good questions worthy discussing.
But if your goal is to convince people that playing within the construct created by Fed is a good idea, you are in the wrong place.
BTW, I am just curious - are you getting anything of value from this place?
Silver might have value but crypto only has value so long as currency exists, if you reset the worlds currency (which will happen if the US defaults) then crypto isn’t worth anything because it’s non-fungible. Not to mention China can just tank crypto whenever they feel like it.
Currency has value because we believe it has value and have faith that it will be accepted moving forward, default and that faith is gone, which means the value is gone. WE do not want the economy to collapse idiot, your dumbass might, but the rest of us know we do not come out on top in that scenario, the elites do, once again.
Of course they won’t let their people own it, but the government own a significant amount of Bitcoin, they are planning to use it to manipulate their own digital currency once it is released.
Do you think that defaulting now is not going to do that? Like that doesn’t make any sense. If you continue to raise the debt ceiling you eventually have a chance to maybe start shrinking it down with a fiscal conservative in power, but if you default that’s it, all your money is literally worthless and you and family will go hungry. You want the elites to solidify their power? Allow influence and large business ownership to be the only currency accepted following a default.
The debt ceiling as it exists is nothing more than a prop in DC political theater. One side increases it, the other side bitches ... neither side has any intention to stop spending. The little skit legitimizes the deficit spending since the same pieces of diseased manure keep getting reelected.
The longer this charade goes on, the more it will hurt. The debt is growing almost exponentially now. A couple more years of this bullshit and the problems will be exponentially worse.
As far as getting a fiscal conservative in power ... You need a House loaded with members that want to cut spending, a Speaker on the same page, at least 50 US Senators that don't want to spend, and a POTUS willing to pass all of the legislature. That's never going to happen short of a miracle ... I mean, it'd be easier for that to happen if these pieces of shit were brought to justice, but that seems to be years away at best.
If you'd pull the plug now, the Rats and Rinos would get most of the blame ... There is NO way they'd survive the midterms even when considering the margin of fraud. The currency wouldn't necessarily become worthless ... The USA is far too wealthy and has far too many resources as well as the most powerful military on the planet.
However, the longer we wait, the harder it is going to be to prevent a complete collapse. Moreover, these corrupt pieces of shit are making sure other countries are getting a piece of the resources in this country ... If we keep increasing the debt ceiling, the longer they have to insure that everyone on the planet except USA citizens own a piece of them.
Their spending is what gives them power ... It has to stop.
You’re looking at this far too simply, it is not the spending that gives them power, they have power whether the debt exists or not, defaulting only solidifies it because WE the middle class and lower class will be the hurt by it. Our 401ks, pensions and savings will be rendered nearly valueless while the elites will continue to keep their power.
Trump also had the majority in the house, senate and obviously he was POTUS and he didn’t default on the debt, if it wasn’t clear before that should tell you that defaulting on our debt is a terrible idea. The US is only wealthy because we have power and influence, but a default would be a massive crack that would make us unable to compete in a global market. I’m also disappointed that you think military strength matters anymore, wars are no longer fought with boots on the ground, the future is cyber, economic, and biochemical warfare. Even if boots on the ground did matter, no one is going to fight in a military that can’t cut them a paycheck big enough to provide them the basics, which will occur if we get into a situation where hyper inflation renders our currency worthless ala Germany 1923 or Venezuela 2016.
I think you will get a different perspective if you dive into the Federal reserve rabbit hole. And in Q's words:
u/#q2619
Understanding how Fed controls everything, and the Central bank fractional reserve economy is a ponzi scheme is pretty crucial to understand the perspective in this board.
How exactly Fed is going to be destroyed and what would be the new system thats going to replace it? How will the transition occur? These are good questions worthy discussing.
But if your goal is to convince people that playing within the construct created by Fed is a good idea, you are in the wrong place.
BTW, I am just curious - are you getting anything of value from this place?
Silver might have value but crypto only has value so long as currency exists, if you reset the worlds currency (which will happen if the US defaults) then crypto isn’t worth anything because it’s non-fungible. Not to mention China can just tank crypto whenever they feel like it.
Currency has value because we believe it has value and have faith that it will be accepted moving forward, default and that faith is gone, which means the value is gone. WE do not want the economy to collapse idiot, your dumbass might, but the rest of us know we do not come out on top in that scenario, the elites do, once again.
Not anymore. They just banned it all and only took a 10% dip or so, already recovering, now they have no power over it..
Of course they won’t let their people own it, but the government own a significant amount of Bitcoin, they are planning to use it to manipulate their own digital currency once it is released.